Degen

Ethereum Name Service

<ul class="list-ic vertical">
 <li><span>1</span> <a>Stoned Crypto is Ethereum’s first-ever Degen stoner community that offers exciting rewards through taxes.&nbsp;</a></li>
 <li><span>2</span> <a>The STONED coin was introduced in 2023 and has a total supply of 100 Million.&nbsp;&nbsp;&nbsp;&nbsp;</a></li>
</ul>
<p>The crypto market is constantly maturing with the arrival of new tokens and coins daily. Stoned Crypto is an emerging player, delivering tax and profit shares. Streaming on the Ethereum platform, the project permits connectivity with Degen stoners and share gains.&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-what-is-a-stoned-crypto-strong"><strong>What is a Stoned crypto?&nbsp;</strong></h2>
<p>Stoned is a community-based project streaming over the Ethereum blockchain network. It offers innovative ways including fair on-chain ETH rewards. Introduced on 24 August 2023, STONED, the native token, has a total supply of 100 Million.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/rzbjyneBXyc-HvCiHWPEXgWLD8hRicKI6eod9mSY7jThVuMgk1nYnW2cqiCKUY2SSywe1UGmR_kl5HWjxt4gC_slEDzlk9vPKKyp6_M03NYqSq4vCEbEOo-msUgsBG_DaaARXi06-COCXnhT1-pLV80" alt="">
  <figcaption class="wp-element-caption"><strong>Source:</strong> Stoner Website&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </figcaption>
 </figure>
</div>
<p>Furthermore, the project offers a transparency system where all the taxes flow to Ethereum Name Service (ENS) holders with a stash of crypto. The token recorded an all-time high price of $0.005443 on October 24, 2023, and an all-time low price of $0.0002719 on January 19, 2024.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-how-are-rewards-distributed-strong"><strong>How are Rewards Distributed?</strong></h2>
<p>Ethereum’s first degen stoner community will gain exciting rewards and it is done through accumulating taxes.&nbsp;</p>
<p>100% of all the mint fees go to the reward pool and 70% of the collected taxes are rewarded to top ENS holders. Also, 25 ENS holders will be offered to go on a joint adventure and the rewards are fairly distributed among the holders.&nbsp;&nbsp;&nbsp;</p>
<p>Massive on-chain exposure, community building, and higher sustainability popularized the project in the Crypto community.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-zachxbt-and-crypto-rover-s-controversy-strong"><strong>ZachXBT and Crypto Rover’s Controversy&nbsp;</strong></h2>
<p>As the coin is gaining popularity, it has undergone possible shady schemes in the crypto world. ZachXBT, a passionate blockchain enthusiast, led an investigation into Rover’s inappropriate behavior.</p>
<p>According to ZachXBT, Crypto Rover, a well-known<a href="https://www.thecoinrepublic.com/2024/02/21/what-is-the-spa-token-reveal-its-history-and-future-plans/" target="_blank" rel="noopener noreferrer nofollow"> crypto influencer</a>, was indulged in a pump-and-dump scheme, ghosting a project after payment. Allegations involve promoting pump-and-dump coins and tarnishing his credibility.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p>The passionate blockchain enthusiast revealed that Rover decided to promote the cryptocurrency project in May 2023 and agreed to receive $10K plus 1% of the project’s supply.&nbsp;</p>
<p>The influencer assured to pump the project from ½ Million to 10 Million.&nbsp;&nbsp;</p>
<p>Nevertheless, the influencer’s engagement with the respective project allegedly terminated as he failed to fulfill the promises, raising questions about Rover’s professional standards.&nbsp;</p>
<p>In addition, the online sleuth exposed suspicious activities like significant transactions that resulted in notable profits. Rover was alleged to be misleading the followers about the trading positions.&nbsp;</p>
<p>Furthermore, Rover’s new ties with a project named $STONED are revealed in the investigation. As per the investigation, around 9% of the total token supply was transferred to 10 addresses linked to Rover on 15 May 2023.</p>
<p>The influencer also promoted the respective project on May 16/17, 2023. Based on the recent tweet by the online sleuth, Rover made money from the project by selling the cryptocurrency.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p>Rover is a crypto influencer and has been trading in the crypto sector since 2017. He has around 677K followers on X and 125,000 subscribers on YouTube.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The novel project aims to create a community of Degen stoners who can enjoy the benefits of on-chain ETH bonuses and joint adventures. The project has recently faced some controversy and criticism, as it was charged with being involved in a pump-and-dump scheme with a crypto influencer named Crypto Rover.&nbsp;&nbsp;</p>

All About Stoned Crypto; Ethereum’s First Degen Stoner Community

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 22, 2024

Symbiosis and Rootstock: Enhancing DeFi with Seamless Interoperability

Kelexo (KLXO) lending systems revolution sees Solana (SOL) & Bitcoin (BTC) investors scramble to ...

Federal Reserve Official Harker Shares Insight on Economic Trends and Monetary Strategy

FTX Gets Green Light to Offload $1 Billion Anthropic Investment

Smog Price Prediction – Can a Possible CEX Listing Fuel 10x Growth for $SMOG?

Quanta Services (PWR) Surpasses Expectations with $5.78 Billion in Q4 Revenue

Join our free newsletter for daily crypto updates!